The Commission proposes highly ambitious climate protection targets for both developing and industrial countries. To this end, emissions trading is to be extended. In addition, financial support to developing countries is to be partially financed through EU bonds.

cepPolicyBrief

Climate protection requires a global approach. The Commission's proposal to extend emissions trading is to be welcomed. However, the aspired EU bonds should be waived since they are not relevant as to climate protection and would only constitute a first step towards a debt right in the EU.